Hyundai Merchant Marine Joins Getting To Zero Coalition
HMM announced that it has joined ‘Getting to Zero Coalition‘ on the 18th of November 2019. This is an alliance of about 100 organizations from different industrial sectors to aim to achieve a great reduction in the emission of GHG in the maritime industry.
“Climate change is a defining issue of our time and the scale of the environmental regulation we are facing is unprecedented. In order to ensure sustainable growth on the pathway to decarbonization, all players need a substantive reaction to the technological solution of ZEV (Zero Emission Vessel) as well as the development of carbon-neutral fuels. HMM is well prepared to cooperate with relevant authorities and institutions within the Coalition,” says Jae-Hoon Bae, President & CEO of HMM.
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HMM aims to bring down its carbon emissions by 70% by 2030 in comparison to levels of 2008 and hence achieve carbon neutrality by 2050 for all its containers. The Research and Development team has been reorganized by HMM already so to speed up the process of finding out hydrogen powered systems which are commercially viable and for ways to collaborate with DSME for the development of smart ship.
HMM, the official said, “HMM’s carbon emission target is ambitious but achievable. Along with “Getting to Zero Coalition”, HMM expects to make a better contribution to the overall industry in moving towards carbon neutrality,” and added, “HMM’s achievement and progress in line with its environmental roadmap can be found in the corporate sustainability report scheduled to be published next month.”